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Dubai decree changes Dubai disputes landscape

The DIFC-LCIA arbitration centre is effectively a partnership between the DAI and the London Court of International Arbitration.

China's market regulator proposes amendments to e-commerce law

The amendments are open for public review till 14 October.

Dramatic rise in fraud and scam complaints

Financial Ombudsman Service warns of fraud danger as it continues to help high numbers of customers.

OFAC Sanctions Cryptocurrency Exchange to Combat Ransomware Payments, Releases New Ransomware Guidance

OFAC simultaneously announced that it was imposing sanctions on Suex OTC, S.R.O. (“SUEX”), a Russia-based cryptocurrency exchange registered in the Czech Republic, for its role in facilitating payments connected with ransomware extortion.

Governance and succession: Family offices and the Chinese diaspora in Asia

A Chinese diaspora—the migration and dispersion of Chinese from their homeland—has permeated the globe; sizable Chinese communities can be found from Vancouver to London to Singapore.

Hong Kong Stock Exchange Proposes Prudent Approach on SPACs

As the Exchange says, the proposals would represent a SPAC listing regime in Hong Kong more stringent than that of the United States.

Ireland Update: Central Bank of Ireland Proposes Amendments to Certain Pre-Approval Controlled Functions

The existing PCF-12 Head of Compliance role will be retained and this will be the default role for the Head of the Compliance

Central Bank of Ireland Review Identifies Market Abuse Deficiencies

In July 2021, the CBI issued a Dear CEO Letter (the "Letter") setting out its findings and expectations arising from the review.

OFAC Issues Updated Ransomware Advisory

As we’ve previously discussed, last fall OFAC issued an advisory on the potential sanctions risks for facilitating ransomware payments.

Under examination: BVI and Cayman regulatory inspections

The major regulators The Financial Services Commission (FSC) in the BVI and the Cayman Islands Monetary Authority (CIMA) in the Cayman Islands are the principal financial services regulators that are tasked with supervising, monitoring and regulating the

Financial Crime Focus

The proposal sets the threshold for cryptoasset transfers at GBP 1,000 so it will therefore be necessary for firms to calculate the value in GBP of, for example, a transfer of Bitcoin or Ethereum.

Software = Goods says European court

The question matters because commercial agents who sell goods on behalf of a principal (and who also satisfy other criteria) are protected by the Regulations, whilst agents who promote a principal's services, are not.

IA publishes Guidance on FCA’s Guiding Principles on ESG and Sustainable Investment Funds

The purpose of the IA’s guidance is to help members implement the Guiding Principles and ensure more consistent customer communications.

Advisers warned over compliance as HMRC writes to non-doms

Ashford added that in the past five years HMRC has heightened its focus on cracking down on so-called ‘enablers’.

Regulator assesses risk of local non-profits being used for financial crime

The data will help determine the JFSC’s approach to supervising non-profit organisations, particularly those that are considered more vulnerable.

Data Protection: Key Findings From The ECPB's Whatsapp Ireland Decision

WhatsApp was issued a €225 million fine, the largest ever fine from the DPC, and the second-highest under GDPR rules.

Global law firm strengthens client offering in Turkey through alliance

This alliance stems from a shared vision.

Law that creates work-from-home right for UK employees to be confirmed on Thursday

This will allow anyone to make a request from the start of their job, with the move aimed at enabling women, disabled people and carers to balance their work and life commitments.

FINRA Fines Ex-Merrill Rep Who Hid Felony Drug Charges

Since he is no longer registered as a broker or advisor, the suspension will be imposed only if he reassociates with a member firm.

Comprehensive changes needed for some businesses to fully comply with Enhanced and Simplified Due Diligence Measures and Exemptions

The findings highlight a range of statutory obligations and regulatory requirements that were either not complied with or were only partially complied with.

Government Regulation